世界银行：2025年12月中国经济更新报告：深入推进改革，提振经济前景（英文版）

China’s economy sustained its growth momentum in Q3, supported by resilient exports even as signs of domestic demand weakness reemerged. Real GDP grew by 1.1 percent q/q, seasonally adjusted (sa), in Q3, compared to 1.0 percent in Q2, bringing year-to-date growth to 5.2 percent y/y. Despite trade policy uncertainty, demand from developing countries sustained export growth. Accommodative policies have supported domestic demand this year. However, household spending remains cautious amid a soft